Andrew Denton
CEO & Executive Director
Hello, everybody, and welcome to the Alfa Financial Software 2025 Full Year Results. As always, I’m joined by Matthew White, Alfa’s COO; and Duncan Magrath, Alfa’s CFO. I’ll kick us off with the introduction and key highlights before handing over to Duncan for the financial review. Matt will then pick up the operational delivery side of things before I talk about the business and give you a sales update before we summarize.
So, in overview, 2025 has been an excellent year for the company. Subscription revenue was up 16%, and we saw an 18% growth in subscription total contract value. ARR of GBP 43.9 million, was up 15% and net revenue retention of 109%, was up on 2024’s 103%. In total, subscription revenues were 34% of our revenue mix. We had a strong sales performance and very strong delivery momentum during the year. The late-stage pipeline was filled with 10 prospects, and we are doing paid work with 5 of the 10 customers in that late-stage pipeline.
We’re also seeing encouraging activity in the early-stage pipeline, showing the buoyancy of demand within our target market. 20 customers are now live on Alfa Systems 6, which underscores the ease of implementation of that upgrade for our existing customers. And we continue to invest in people, product and planet. We’ve grown the team with average headcount up 6% and high staff retention at 97% during the year. Overall, we invested
